Major Jump In Start-Up Visa Immigration As 490 Get Permanent Residence

Colin Singer
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Major Jump In Start-Up Visa Immigration As 490 Get Permanent Residence

The latest data from Immigration, Refugees and Citizenship Canada (IRCC) reveals Canada’s Start-Up Visa (SUV) entrepreneur immigration program grew by 58.1 per cent in January over the previous month as 490 immigrant entrepreneurs became new permanent residents.

Last year, the SUV set a new record as 1,460 new permanent residents arrived through it, easily beating out the previous record of 575 new permanent residents in 2022.

And that explosive growth in the SUV is still happening.

January’s level of immigration through the SUV this year was 880 per cent higher than the 50 permanent residents who arrived in Canada through the program during the comparable month in 2023.

The first month of the year saw so much SUV immigration to Canada that if that level of SUV immigration were projected out to the rest of the year it would result in 5,880 new permanent residents by the end of this year, more than four times as many as last year.

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Launched in 2015, the SUV saw only 55 immigrant entrepreneurs come to Canada through that program in its initial year.

That number, though, doubled to 110 new permanent residents in 2016 and rose another 22.7 per cent the following year. By 2018, the program had more than quadrupled in popularity with 240 new permanent residents arriving under the SUV that year.

In 2019, the last full year before the arrival of COVID-19, the SUV welcomed 515 new permanent residents to Canada.

As the pandemic swept across Canada and public health and travel restrictions were imposed, though, immigration plummeted 45.9 per cent – and the number of people who arrived under the SUV fell in tandem with that overall drop in immigration to Canada.

In 2020, only 260 immigrant entrepreneurs became new permanent residents of Canada through the SUV.

With immigration rebounding strongly in 2021 to hit 406,020 new permanent residents, the SUV also saw increased activity with 385 new permanent residents coming to Canada through it that year, an improvement of 48.1 per cent over 2020.

It took until 2022 for the SUV to fully recover from the pandemic-fuelled downturn but it more than doubled in popularity last year compared to the previous year.

SUV Entrepreneurs See Ontario, British Columbia As Choice Destinations

Ontario and British Columbia remain the most popular destinations for SUV immigrants.

Ontario had received 275 new permanent residents through the program in the first month of this year and British Columbia welcomed 170 that month.

Alberta added five new permanent residents through the program in January and Manitoba added 35 immigrant entrepreneurs through the SUV during that month.

The only other province to see the arrival of immigrant entrepreneurs through the SUV in January was Nova Scotia which welcomed five.

None of the other provinces or territories added any new permanent residents through the SUV that month.

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The SUV program generates much lower overall numbers of new permanent residents than federal worker programs, such as the Federal Skilled Worker (FSW) and Federal Skilled Trade (FST), the Provincial Nominee Programs (PNP) or the regional economic development programs including the Atlantic Immigration Program (AIP) or Rural and Northern Immigration Pilot (RNIP). 

Due to these smaller numbers, the monthly and even yearly fluctuations in the number of new permanent residents under the SUV can sometimes seem exaggerated when examined in percentage terms.

Candidates applying under the SUV program can initially come to Canada on a work permit supported by their designated Canadian investor before their application for permanent residence is finalized.

The entire process of applying for permanent residence to Canada through the SUV is currently estimated by the IRCC to take 37 months.

Under the SUV, three types of private-sector investors are considered: angel investors, venture capital funds, and business incubators.

A designated venture capital fund must confirm that it is investing at least $200,000 into the qualifying business. Candidates can also qualify with two or more commitments from designated venture capital funds totalling $200,000.

A designated angel investor group must invest at least $75,000 into the qualifying business. Candidates can also qualify with two or more investments from angel investor groups totalling $75,000.

Three Types Of Private-Sector Investors Are Considered Under SUV

A designated business incubator must accept the applicant into its business incubator program. It is up to the immigrant investor to develop a viable business plan that will meet the due diligence requirements of these government-approved designated entities.

That investing and the development of the business is usually done with the help of business consultants in Canada’s start-up ecosystem with oversight from experienced corporate business immigration lawyers who can ensure a start-up’s business concept meets all industry-required terms and conditions.

The basic government-imposed candidate eligibility requirements for the SUV are:

Strong Start For Canada Immigration In 2024

Colin Singer
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Strong Start For Canada Immigration In 2024

Canada immigration made a strong start to the year with the number of new permanent residents up 28 per cent in January compared to the previous month.

The latest data from Immigration, Refugees and Citizenship Canada (IRCC) reveals there were 47,660 new permanent residents to Canada in January this year, up from 37,240 in December.

Although that’s a strong showing for the first month of this year, the number of monthly arrivals was 6.4 per cent lower than the 50,945 new permanent residents during the comparable month last year.

Projecting out from January’s level of immigration to the rest of the year would result in 571,920 new permanent residents to the country in 2024.

That would be 21.3 per cent more than last year’s record-setting level 471,550 new permanent residents settling into the country.

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The monthly level of immigrants to Canada in January, if it were to hold throughout the rest of the year, would also result in 17.9 per cent more new permanent residents than the target of 485,000 new permanent residents as set out in Ottawa’s Immigration Levels Plan for 2023 – 2025.

“Following the trajectory of the 2023-2025 plan, Canada aims to welcome 485,000 new permanent residents in 2024, 500,000 in 2025 and plateau at 500,000 in 2026,” notes the IRCC on its website.

“This plan prioritizes economic growth, and supports family reunification, while responding to humanitarian crises and recognizing the rapid growth in immigration in recent years.”

The latest immigration levels plan would see a total of 1.485 million immigrants come to Canada over those three years.

Canada’s biggest province by population, Ontario, was the most popular destination for newcomers in January with 21,915 new permanent residents choosing to settle there that month.

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That made the central Canadian province the destination of choice for almost 46 per cent of all immigrants to Canada in January.

Economic programs, including the Ontario Immigrant Nominee Program (OINP), Agri-Food Immigration Pilot (AFIP), Canadian Experience Class (CEC), Caregiver programs, Rural and Northern Immigration Pilot (RNIP), Federal Skilled Trades (FST) and Federal Skilled Worker (FSW) programs, the Start-Up Visa (SUV) and Self-Employed Persons (SEP) programs, and the Temporary Resident to Permanent Resident Pathway accounted for a whopping 60.5 per cent of all new permanent residents coming to Ontario in January.

Those programs helped 13,265 new permanent residents arrive in Ontario that month.

Big Monthly Immigration Gains Were Made In Quebec, Atlantic Canada

Another 5,360 new permanent residents arrived in Ontario through family sponsorships and 2,885 came to that province through Canada’s refugee and protected persons programs in January.

The other provinces and territories attracted the following number of new permanent residents each during January:

  • Newfoundland and Labrador – 505
  • Prince Edward Island – 540
  • Nova Scotia – 1,785
  • New Brunswick – 1,695
  • Quebec – 4,160
  • Manitoba – 2,205
  • Saskatchewan – 1,970
  • Alberta – 5,440
  • British Columbia – 7,250
  • Yukon – 140
  • Northwest Territories – 50
  • Nunavut – 0

Across the country, the biggest gains in monthly immigration growth in January were in Quebec, which saw its level of monthly immigration jump by 60 per cent over the level in December last year, and three of the Atlantic Canadian provinces.

Prince Edward Island saw monthly immigration rise by 35 per cent in January while Nova Scotia saw a gain of 36.3 per cent and New Brunswick of 38.4 per cent.

Ontario’s monthly immigration level was up 44.4 per cent in January compared to December last year.

Manitoba PNP Draw: Province Issues 104 Canada Immigration Invitations 

Colin Singer
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Manitoba PNP Draw: Province Issues 104 Canada Immigration Invitations 

Manitoba has issued 104 letters of advice to apply in a new draw through the Manitoba Provincial Nominee Program.

The March 8 draw focused on Skilled Workers Overseas candidates through a Strategic Recruitment Initiative. It featured a minimum score of 614.

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Manitoba stated that 20 of the 104 candidates invited had valid Express Entry IDs and job seeker validation codes.

For detailed requirements of the stream featured in this draw, please see below.

In a further draw on February 28, Manitoba invited 155 candidates through its pathway aimed at Ukrainians wishing to flee the war with Russia.

Candidates needed to meet the following requirements:

  • Be a citizen of Ukraine;
  • Have a minimum of CLB 4 in each language band;
  • Have established connection to Manitoba (close relative, family-like, community, previous employment or studies in Manitoba);
  • Have a valid language test;
  • Score at least 60 points according to MPNP assessment criteria; and
  • Satisfy all other requirements of the Skilled Worker Overseas Pathway, including sufficient settlement funds.

Latest Manitoba Draw

Stream Sub-Stream Letters of Advice to Apply Score of Lowest Ranked Candidate
Skilled Workers Overseas Strategic Recruitment Initiative 104 614

Manitoba Ukraine Pathway Draw

Stream Sub-Stream Letters of Advice to Apply Score of Lowest Ranked Candidate
Skilled Worker Overseas Pathway Ukraine 155 60

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How Do I Qualify For The Skilled Worker in Manitoba Stream?

The Skilled Worker in Manitoba Stream (SWM) is based on the specific needs of Manitoba employers. SWM selects foreign-trained workers with the required skills and nominates them for Canada permanent residence. The stream prioritizes candidates with a strong attachment to Manitoba, with two pathways to Manitoba immigration.

a) Manitoba Work Experience Pathway

For applicants currently working in Manitoba on temporary work permits, through the Temporary Foreign Worker Program or as international graduates from any province. Candidates do not need to be working in In-Demand Occupations.

b) Employer Direct Recruitment Pathway

For applicants from overseas with job offers from approved Manitoba employers.

How Do I Qualify For The Skilled Worker Overseas Stream?

The Skilled Worker Overseas Stream (SWO) includes both a dedicated Canada Express Entry Pathway and a direct provincial pathway.

It is aimed at international skilled workers with skills and training in Manitoba’s In-Demand Occupations. Priority is given to applicants and spouses with close family connections, plus the language proficiency, training and experience to find jobs quickly.

a) Manitoba Express Entry Pathway

For international candidates eligible under another MPNP stream, who also meet Express Entry criteria and have an active Express Entry profile. Candidates need skills, training and experience in one of Manitoba’s In-Demand Occupations, and a strong family connection to the province.

b) Human Capital Pathway

For international skilled workers with skills, training and experience in one of Manitoba’s In-Demand Occupations. Candidates must demonstrate potential to find employment soon after they arrive in Manitoba.

What Are The Requirements For the International Education Stream?

The International Education Stream (IES) is dedicated to international graduates from Manitoba colleges and universities. Under IES, candidates are no longer required to work for six months in their field before applying for an MPNP nomination. It has three pathways:

1) Career Employment Pathway  

Eligibility requirements include:

  • Completed a one-year or longer course from an eligible post-secondary Manitoba institution within three years of submission of application.
  • Have a full-time job offer in a Manitoba In-Demand occupation related to the completed degree
  • Resident of Manitoba

2) Graduate Internship Pathway

Masters and Doctoral degree holders who have completed Mitacs Accelerate or Elevate internships can apply for nomination through internships even without a job offer in the province.

3) Student Entrepreneur Pathway

Eligibility requirements include:

  • Completed a two-year or longer course from an eligible post-secondary Manitoba institution
  • Six months business operation experience in Manitoba
  • Resident of Manitoba since graduation.
  • No specific minimum personal net worth requirement
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